Ola to enhance Andhra Pradesh participation with Rs 150 crore investment in 3 years

339 views Leave a comment

Taxi aggregator organisation Ola on Wednesday pronounced it has inked a agreement with Andhra Pradesh supervision to deposit Rs 150 crore and supplement 40,000 vehicles to a height over a subsequent 3 years. The due investment will inspire motorist entrepreneurship and emanate practice opportunities in a state, Ola pronounced in a statement.

Currently, Ola has over 10,000 vehicles on a height in Andhra Pradesh. As per a Memorandum of Understanding (MoU), Ola will capacitate record to move support to over 50,000 vehicles in a state within a subsequent 3 years to safeguard smart, arguable and protected travel in a cities.



“Our prophesy is to emanate a intelligent and complicated Andhra Pradesh and record enrichment is going to be intensely critical to make this possible. Transportation is one of a many critical areas where record can make a large difference,” Andhra Pradesh Chief Minister Chandrababu Naidu said.

Mobile technology-driven travel apps like Ola can play a vital purpose in formulating pursuit opportunities for hundreds of thousands in a state as good as in providing timely and fit travel for all, he added. Ola has been ramping adult a investment in areas like motorist partner programmes and enlargement into smaller towns. It is also looking during lifting $500 million (about Rs 3,320 crore) as it competes head-on with rivals like US-based Uber and home-grown Meru.

Earlier this week, it introduced a cab leasing programme for drivers and pronounced it will spend Rs 5,000 crore by a auxiliary that will capacitate drivers to possess a cars eventually. It has also introduced comforts like convey services, expanding mobile wallet, introducing cars with Wi-Fi and charity a cafeteria use on a app.

“Ola will be investing over Rs 150 crore towards skilling, event origination and record deployment opposite a state (Andhra Pradesh),” Ola Chief Operating Officer Pranay Jivrajka said.

The association will be rolling out an endless ability growth programme for drivers and will be providing giveaway ability growth training to drivers during this time. Ola started a operations in Andhra Pradesh in 2014 and now has a participation opposite 5 vital cities in a state, including Vijayawada, Visakhapatnam, Guntur, Rajahmundry, Tirupati.